Commercial Paper and Other Short-Term Borrowings

9 Months Ended

Sep. 30, 2017

Commercial Paper and Other Short-Term Borrowings

The following table is a summary of the Company's commercial paper and other short-term borrowings:



(Dollars in millions)	September 30, 2017		December 31, 2016
Debt issued by MUB
Federal funds purchased, with a weighted average interest rate of 0.50% at December 31, 2016	$	—	$	26
Commercial paper, with a weighted average interest rate of 0.87% and 0.55% at September 30, 2017 and December 31, 2016, respectively	118		263
Federal Home Loan Bank advances, with a weighted average interest rate of 1.10% and 0.59% at September 30, 2017 and December 31, 2016, respectively	5,000		700
Total debt issued by MUB	5,118		989
Debt issued by other MUAH subsidiaries
Short-term debt due to BTMU, with weighted average interest rates of 1.68% and 0.49% at September 30, 2017 and December 31, 2016, respectively	169		679
Short-term debt due to BTMU, with a weighted average interest rate of 2.04% at September 30, 2017	42		—
Short-term debt due to affiliates, with weighted average interest rates of (0.06)% and (0.04)% at September 30, 2017 and December 31, 2016, respectively	697		692
Total debt issued by other MUAH subsidiaries	908		1,371
Total commercial paper and other short-term borrowings	$	6,026	$	2,360

Short-term debt due to BTMU consists of both secured and unsecured fixed and floating rate borrowings.

MUSA maintains an uncommitted, unsecured lending facility with Mitsubishi UFJ Securities Holdings Co., Ltd. under which it may borrow up to $1.4 billion. Under the terms of the facility, MUSA can choose to borrow in Japanese Yen or US Dollars. Japanese Yen denominated borrowings include an extension option allowing MUSA to extend the maturity of an individual draw by 100 days at any time prior to its original, stated maturity. At September 30, 2017, MUSA had ¥78 billion ($697 million USD equivalent) drawn under this facility.